By Paul Spirgel — Apr 27 - 12:00 PM
USD/CAD higher into Europe close +0.13% at 1.2840; Wed range 1.2855-1.2780
Commods slip a touch, CAD dips on broad USD haven buying amid Russia angst
$CAD res at 1.2855 Wed high, 1.2898 upper 21-w Bolli, 200-WMA at 1.3045 caps
Supt at 1.2780, Wed low, 1.2714 daily cloud top, 10-DMA at 1.2664
With BoC keeping pace w/Fed hikes in 2022 CAD weakness may be short-lived
CAD Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary